The Great East Japan Earthquake and Tsunami Disaster of March 2011 marked a pivotal turning point in the conception of the nation’s electricity infrastructure. Specifically, safety and reliable supply. Due to the temporary shut-down of the country’s nuclear power reactors, some areas of Japan experienced rolling blackouts as well as large electricity rate hikes due to the resulting supply constraint.
The deregulation in process is expected to stimulate competition as well as lower the cost of electricity. According to a national survey taken by Mizuho Information & Research Institute, Inc., 83 percent of respondents said that they would switch providers if prices decrease.
Regarding energy mixes, 36 percent of respondents said that they would switch to renewable electricity providers as long as prices remain similar to what they are now, while and 5 percent said that they would use renewable energy only if prices decreased. Separately, 32 percent of respondents said that they do not want to use electricity generated by nuclear power plants.
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| Solar PV Installed on a Distribution Warehouse, Credit: Seikatsu Club Energy |
Return of Nuclear Power for Deregulation?
Although the nation is still working to clean up after the 2011 Fukushima No. 1 nuclear power incident, the Federal of Electric Power Companies of Japan (FEPC) claims that nuclear power is important for the nation’s energy independency and energy affordability. In fact, the incumbent utilities have gradually restarted some of the nuclear power plants, which were taken offline after the Fukushima disaster....Read More Here